On: Intuit to buy Credit Karma for $7B

[yourcousinbilly]

I get the sentiment for YC, but “not one” is pretty impossible. Airbnb reported a profit in 2017 and 2018. https://www.bloomberg.com/news/articles/2019-01-15/airbnb-sa...

It did lose money in 2019, but because of preIPO marketing and advertising. Marketplaces have great network effects and profit margins, seems like a very viable self sustaining standalone company. https://www.fastcompany.com/90418766/report-not-even-airbnb-...

[scarface74 → yourcousinbilly]

“said it made money for a second straight year, based on a common measure that excludes some expenses”

It’s like WeWork’s “Community Adjusted Ebitda” or Uber’s “we aren’t doing as bad as it looks as long as you exclude 13 different expenses.”